Author: rb809rb

  • First US privacy-coin ETF lists as Grayscale’s ZCSH opens ZEC to Wall Street

    First US privacy-coin ETF lists as Grayscale’s ZCSH opens ZEC to Wall Street

    Grayscale’s Zcash ETF (Ticker: ZCSH) listing began on NYSE Arca on Tuesday (August 25). According to Grayscale, ZCSH is the first ETF to provide spot access to Zcash ($ZEC), thus allowing the privacy-oriented cryptocurrency to be traded through a regular brokerage account, as no regulated products have made use of it until now.

    Having seen the usage of spot ETFs by institutions to accumulate Bitcoin and Ether holdings in 2026, the crypto market understands the possible direction where this trend is headed now. Privacy currencies have to face a different regulatory system than those which are used for major currencies; therefore, the introduction of Zcash-based fund opens new market possibilities.

    Prior to the launch of this fund, the price of $ZEC reached $880, which was the highest point for the last eight years. By Wednesday morning, the cryptocurrency was trading for $784, according to CoinMarketCap.

    Leverage piled in as the token ran to an eight-year high

    There was significant leverage during the rally. According to statistics from Loris Tools, $ZEC’s perpetual-futures open interest soared from $962.5 million on August 19 to nearly $1.8 billion as of Monday, and the overall daily futures volume was $5.3 billion.

    Financing was also encouraging on the primary exchanges, for instance, a rate of 0.0100% on both Binance and OKX and a 0.0180% on Bybit. Overall average rate was at 0.0106%. It meant that leveraged traders paid higher costs to stay long.

    According to CoinMarketCap on Wednesday morning, $ZEC had a market cap of $13.2 billion, which made it the 11th largest cryptocurrency. Despite the rise in value, it was still far below CoinMarketCap’s record of $5,941.80 from back in October 2016. Furthermore, the rise came at a time of recovering cryptocurrencies in general, with Bitcoin trading around $78,500.

    Why allocators are starting to name Zcash

    Interest is being seen in both institutional surveys and market data. The August fund manager survey by CoinShares, with 30 participants controlling around $1.16 trillion, reported digital asset allocations increasing to 1.2% of portfolios, marking the first uptick since the beginning of sell-off in October 2025.

    The “other” category of the survey have seen the highest increase of any segment. Among all cryptocurrencies, respondents specifically mentioned Zcash, together with HYPE and SUI.

    Corporate treasuries are also increasing their exposure to $ZEC. Cypherpunk Technologies (Nasdaq: CYPH) revealed it holds 323,394.38 $ZEC as of August 11, which is about 1.92% of the circulating supply, with an average price of $341.83. The company recorded a $46 million unrealized gain from the change in the fair value of its $ZEC exposure in its second-quarter results.

    What the ETF actually wraps

    In 2016, Zcash entered the market with a supply limit of 21 million coins that is similar to the one that has been set for Bitcoin, while also adopting the Proof-of-Work mining process. The option of using zero knowledge cryptography helps to conceal the identity of the parties involved in the transaction as well as the amount that is being transferred.

    Viewing keys allow a partial disclosure of information related to the transaction in order to provide necessary data for auditing purposes without revealing too much information on what has happened before.

    The introduction of a publicly traded instrument has put this balance between privacy against public disclosure more under the regulatory spotlight. In fact, Grayscale’s Head of Index Steve Vanourny has linked its launch to a wider concept of privacy, saying:

    “As AI reshapes how financial activity can be monitored, we believe demand for genuine financial privacy will only grow.” — Steve Vanourny, Head of Index, Grayscale

    ZCSH gives investors price exposure without requiring them to custody $ZEC directly. Its prospectus also makes clear that the trust is not registered under the Investment Company Act of 1940, so investors do not receive the same protections available to shareholders in registered mutual funds and ETFs.

    The upgrade backdrop investors are watching

    The timing also comes with technical risk. In late May, security researcher Taylor Hornby discovered a critical flaw in Zcash’s Orchard shielded pool that could have allowed unlimited counterfeit $ZEC to be created inside the pool. The vulnerability was closed by early June.

    Developers found no evidence of unauthorized value creation, although Orchard’s privacy properties mean earlier exploitation cannot be completely ruled out through cryptographic analysis.

    Zcash’s longer-term response was Ironwood, the NU6.3 upgrade activated on July 28, 2026 at block 3,428,143. It introduced a formally verified shielded pool and requires funds leaving the original Orchard pool to pass through Zcash’s turnstile into Ironwood, allowing circulating supply integrity to be independently checked.

    A separate coinholder sentiment poll on NU7 opened August 25 and runs until September 14 at 19:00 UTC. Questions include whether Zcash should move from periodic halvings toward a smoothed issuance curve and when $ZEC removed from circulation should return to future block rewards. The poll can shape NU7’s direction, but it is advisory rather than binding.

  • It’s the Last Day to Get ChatGPT, Gemini, & More in One $60 Lifetime AI Tool

    It’s the Last Day to Get ChatGPT, Gemini, & More in One $60 Lifetime AI Tool

    TL;DR: Get lifetime ChatPlayground AI Unlimited access for just $59.97 before the offer ends after August 25 at 11:59 p.m. PT.

    When you are working with AI, a lot of the time you need to compare more than one answer to feel confident in the result. ChatPlayground AI helps with that by letting you run multiple AI models side by side in one place, instead of jumping between tools.

    A lifetime subscription is on sale now for $59.97 (MSRP $619).

    ChatPlayground AI sends any prompt to several models at once and lines up the responses in one window, so you can see how they differ and pick what works best. The platform supports more than 25 models, including ChatGPT, Gemini, DeepSeek, Llama, and Perplexity.

    That means you can use the same workflow for chat, coding help, content drafts, or image ideas and compare model output without copying and pasting everywhere.

    You can tweak a prompt, run it again, and see how each model changes the answer. Prompt engineering tools help you refine and reuse effective prompts. ChatPlayground AI also lets you upload images and PDFs, then ask questions about them, so you can check how different models handle the same document or screenshot.

    Saved chat history keeps longer projects and useful prompts easy to revisit.

    Recommended by Our Editors

    The Unlimited Plan is a lifetime subscription with unlimited messages each month. It’s aimed at prompt engineers, startups, and teams that test or use AI heavily and need room to experiment. You can use it on any desktop that runs a recent version of Chrome, Edge, or Firefox, with no set limit on how many devices you sign in from.

    Get a ChatPlayground AI Lifetime Subscription on sale for $59.97 (MSRP $619) through today, August 25, at 11:59 p.m. PT.

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  • Paul McCartney Reacts to “Magnificent Star” Dolly Parton’s Death: “It Is Hard to Imagine Living in a World Without Dolly”

    Paul McCartney Reacts to “Magnificent Star” Dolly Parton’s Death: “It Is Hard to Imagine Living in a World Without Dolly”

    Paul McCartney is among the many in the music world paying tribute Tuesday after fellow icon Dolly Parton died at age 80, remembering the singer-songwriter for her legacy as a country trailblazer and the impact she leaves behind.

    “The magnificent star Dolly Parton has died and it is so sad. She was such a wonderful woman,” McCartney wrote on Instagram. “I first met her in Nashville at the Grand Ole Opry where she had been playing with the country star Porter Wagoner and was about to start her solo career. She was so bubbly and full of life it is difficult to take in the news that she has passed. Her songwriting, her singing and her philanthropy were unrivaled in the world of country music and it is hard to imagine living in a world without Dolly.”

    McCartney further called Parton “a very clever business woman who understood the value of her music and, most importantly, the effect that she had on the people of the world.”

    As McCartney notes, the two have their share of history, as Parton elected to record the Beatles’ classic “Let It Be” on her 2024 album Rockstar, enlisting both Macca and Ringo Starr for some help on the track.

    “There was no greater honour for me than to have her sing my song Let It Be and, even though I only made a small contribution to it, I am so honoured that she did it,” McCartney said of the experience. “I am so proud to have known her and admire her unique talents.”

    Parton’s family confirmed her death online on Tuesday, with her nephew Bryan Seaver breaking the news. “This video announcement is something Dolly asked of me years ago, before I fully absorbed it as a future reality,” he said.

    McCartney is one of many paying homage to Parton on Tuesday, with others, including Kacey Musgraves, Jane Fonda and Billy Ray Cyrus, sharing tributes as well.

    “Thanks Dolly for the beautiful music you gave me and the whole world,” McCartney wrote, concluding his post. “We will always love you, god bless and rest in peace. You were the best.”

  • Longtime Warner Bros. Animation President Sam Register Departing

    Longtime Warner Bros. Animation President Sam Register Departing

    Sam Register, the long-serving head of Warner Bros. Animation, is leaving the studio in a move that even his boss, Channing Dungey, acknowledged was unexpected.

    In a memo to staff Tuesday afternoon (read it below), Dungey — chairman and CEO of Warner Bros. Television Group and WBD U.S. Networks — wrote that “I know this comes as a surprise and you have a lot to digest.” The memo says that Dungey and Register “mutually agreed” not to renew Register’s contract as president of WB Animation, Cartoon Network Studios and Hanna-Barbera Studios Europe. Register’s current contract ends next week.

    “It’s time for me to move onto the next chapter in my life, and I’m grateful to have Channing’s support as I exit Warner Bros Animation,” Register said. “It’s been an amazing ride and I want to extend my sincere thanks to all the great people I’ve worked with — we’ve built some incredible things together. I wish you all the best moving forward, and I’m excited to explore all the possibilities in my future.”

    Register has headed Warner Bros. Animation for the past 18 years, adding Cartoon Network Studios to his portfolio in 2020 and Hanna-Barbera Studios Europe the following year. He began his animation career at Cartoon Network, helping launch the network’s website in the late 1990s and executive produced series including Ben 10, The Looney Tunes Show, Teen Titans and Teen Titans Go!, and Scooby-Doo: Mystery Incorporated, among many others. (A character in the Teen Titans comics is also named after him.)

    Variety first reported the news. Dungey’s memo to WB Animation staffers is below.

    Dear WBA Team,

    It’s with mixed emotions that I announce the studio and our head of animation, Sam Register, have mutually agreed not to renew his contract. Sam, our President of Warner Bros. Animation, Cartoon Network Studios and Hanna-Barbera Studios Europe, is a great talent and we thank him for all the enormous contributions he’s made over his 18 years heading up our animation efforts. We wish him the best in all future endeavors. 

    Sam asked me to share this with you: 

    “It’s time for me to move onto the next chapter in my life, and I’m grateful to have Channing’s support as I exit Warner Bros Animation. It’s been an amazing ride and I want to extend my sincere thanks to all the great people I’ve worked with — we’ve built some incredible things together. I wish you all the best moving forward, and I’m excited to explore all the possibilities in my future.”

    While we search for Sam’s replacement, Matt Matzkin will continue to lead Business Operations, and the current creative department heads — Jay Bastian (Current Series), Jason DeMarco (Anime & Action Series), Audrey Diehl (Kids & Family), Sarah Fell (Hanna-Barbera Studios, UK), Peter Girardi (Alternative Programming/Adult), and Sammy Perlmutter (Long Form & Specials) — will lead their respective departments.

    Needless to say, this will be a time when we’ll need everyone to step up, stay focused and keep delivering the excellence for which our animation studios are so justifiably revered. I have every confidence our superb team will emerge from this transition stronger than ever.

    I know this comes as a surprise and you have a lot to digest. Please reach out to your supervisor with any concerns, and remember my door is always open. 

  • How the Muppets Were Brought Back to Life for the Disney Special

    How the Muppets Were Brought Back to Life for the Disney Special

    The lights were lit and the music played in the Muppet Theatre once more this year. But before the curtain opened on Kermit the Frog in an episode of television for the first time in 10 years, the show had to be put together — by the humans behind the characters. 

    Simultaneously a nod to the classic “Muppet Show,” which ran from 1976 to 1981, and something entirely new to this era of the beloved characters, “The Muppet Show” special starring Sabrina Carpenter notched six Emmy nominations, including production design (variety special), character voice-over performance for Matt Vogel as Kermit the Frog and writing for a variety special. 

    The Muppets have bowed in various formats over the years (films, TV specials and even the World Cup Final halftime show this summer). Putting on a Muppet show is always an elaborate production involving angles, runways, monitors and sets that make the audience forget that these are puppets. “It’s this big magic trick that we’re doing,” Vogel says. 

    That’s where production designer Denise Pizzini steps in. Her first foray into building for the Muppets was a decade ago, when she notched an Emmy nomination for “The Muppets” series. She’s familiar with the insider tricks of building in the Muppet Theatre: how to set up boxes and risers to even out the height of performers and humans, the 36-inch height standard for walkways for guest stars like Carpenter above Muppet performers and their monitors hidden on the ground.  

    Around this infrastructure, Pizzini and her team reconstructed the original Muppet Theatre, from the iconic arches to the filigree to the safety curtain with the door Kermit pops out of in the opening sequence. “I wanted to get that exactly like it should be, like the original show, because that creates a feeling,” she says. 

    And it paid off. For original Muppet fans, Vogel hopes “it feels, it smells, it looks, it sounds, it acts and it just feels like the original show.” The Muppets as a brand are something uniquely familiar to generations. Part of being a Muppet performer, Vogel says, is paying homage to the soul of the original character and performer (in his case, Muppet creator Jim Henson himself). Part of it is imbuing a little personal flair to create an authentic representation of a modern Kermit. 

    The familiarity of the characters is something writer Albertina Rizzo kept in mind, too. “You can’t veer from their core being,” she says. Kermit wouldn’t say YOLO; internet vocabulary doesn’t fit with the Muppets. “They exist in a different time and space,” she adds. 

    Rizzo took inspiration from “Saturday Night Live” and variety shows of the 1970s. There’s a sensibility to Muppet comedy that speaks to her background in late-night television, where the revolving door of guests necessitates different styles. A Miss Piggy joke wouldn’t work for Kermit, and vice versa.  

    One thing universal across the Muppets is a certain kind of goofy, physical humor. Muppets never get hurt, Rizzo says, but they certainly can have doors fall on them (as Kermit does in the special) or zoom in and out of frame on out-of-control roller skates (like Gonzo). 

    “Muppets are best when in motion,” Rizzo says. That’s in part due to the delight of a well-done physical gag, but also because she finds the fantasy can lapse if the audience is allowed to look too closely at a Muppet for too long. She kept the jokes tight and the physical bits quick. 

    The collaboration required to make that rapid comedy work brought Rizzo into conversation with Pizzini and puppet captain Bill Barretta. Barretta has been working with the Muppets since 1991. Pizzini credits him as the person she would drag over to set to troubleshoot the physical necessities of the script. 

    The production design team did countless tests to ensure different sets worked properly. Pizzini says she watched the original opening sequence so many times that she had the song stuck in her head. After seeing the setup for a stunt where Gonzo roller skates through fire and swinging blades, she recalls performer Dave Goelz hugging her, ecstatic about the complicated set they pulled off. 

    “I’ve always thought that these Muppet performers were just pure artists,” Pizzini says. “There’s a purity about what they do, and they’re so passionate and excited, and they really embrace these characters, and that just spills over into the whole crew.”   

    Goelz is the only Muppet performer still in his original role. For him, it is a true return to the original Muppet Theatre. For Vogel, who has been the full-time Kermit performer since 2017, the special was something he had “dreamed about doing for a long time.” 

    Henson created the Muppets in the 1950s, and he performed as Kermit until his death in 1990. He never wanted the Muppets to be a kids show like “Sesame Street,” although many Muppet performers throughout the years have also worked on “Sesame Street” (Henson and Vogel included).  

    Rizzo says it was helpful to have several people familiar with an 11:30 p.m. audience in the writers’ room. “We wanted to have jokes where an adult would hear it and get it, and a kid would hear it and laugh at it, but not know why they’re laughing,” she says. With a guest star like Carpenter, whose cheeky lyrics are key to her pop diva brand, the writers were able to embrace what Rizzo calls the “inherent sweet corniness” of the Muppets. 

    The core magic of the Muppets is fiercely protected. Pizzini remembers forgetting Scooter was a puppet during her first Muppet collaboration in 2016. “I love that the performers and Muppet Studios really guard the brand and take good care of them and are very loyal to the original Muppets,” she says. 

    At the same time, each new iteration of the Muppet Show is a chance to introduce a new generation to the magic of the Muppets. “You’re coming in and you’re discovering these engaging characters that are really funny, that are musical, that are magical, that draw you in that same way,” Vogel says. For him, part of the beauty of the Muppets is that everyone can see a bit of themselves in the characters. 

    Vogel grew up with the original Muppet Show. He created his first puppets in elementary school out of his dad’s old T-shirts and put on shows in his neighborhood. But even then, he never thought he would be a puppeteer. “Let alone go like, ‘I’ll be Big Bird one day’ or ‘I’ll be Kermit one day,’” he says. “I never would have had those thoughts growing up. Even as an adult, I never had those thoughts really until they happened.” 

    The next Muppet Show might be one of those dreams that you don’t believe can happen until it does. Disney has not greenlit a full show, though many Muppet fans are hopeful that the special can act as a kind of pilot episode. But for the performers who have worked together for years, even decades, returning to the Muppet Theatre even once was worth it. “When we all got together for that first scene,” Vogel says, “it felt like coming home.” 

  • Sabrina Carpenter Pays Tribute to Dolly Parton: “There Will Never Be Another You”

    Sabrina Carpenter Pays Tribute to Dolly Parton: “There Will Never Be Another You”

    Sabrina Carpenter is remembering Dolly Parton.

    Parton died Tuesday in Nashville at 80, her family announced. She had been admitted to Vanderbilt University Medical Center on Friday morning with kidney and autoimmune issues, per TMZ.

    “oh dolly,” Carpenter started an Instagram post with a broken heart emoji. “the only thing i could say after we first met was ‘she really is an angel walking the earth’ and ‘we look like we could be sisters!’”

    “i will cherish our laughter and conversations and i will keep your wisdom, your playful outlook on life, and perfect sense of humor in my pocket for the rainy days. there will never be another you and how lucky are we all to have experienced your singular magic as well as your once in a lifetime voice, songs, and heart. your light will be something the world will search forever to find again,” she wrote. “i will always love you.”

    Parton and Carpenter joined forces for the deluxe version of the latter singer’s Short n’ Sweet album, where the two-time Oscar nominee was featured on “Please Please Please.” They also starred in a music video for the track together, which has amassed over 15 million views on YouTube.

    The “Manchild” singer celebrated the release of the music video with an Instagram post at the time. She wrote, “Dolly and me singing in a pickup truck!!!!!! I am so honored to have one of my biggest idols on a song that means so much to me. Short n’ Sweet deluxe is out now!”

    Last September, the “Jolene” singer announced she was postponing a set of Las Vegas concerts to deal with “some health challenges.” In May, she canceled her Las Vegas residency but continued to put on a brave front, telling her fans that she was OK.

    Tributes poured in following the announcement of Parton’s death, with Billy Ray Cyrus, Jane Fonda, Reba McEntire and Kacey Musgraves among those remembering the queen of country music.

  • How Modern Appointment Viewing Shows Are Bringing Back ‘Watercooler’ Television

    How Modern Appointment Viewing Shows Are Bringing Back ‘Watercooler’ Television

    There’s nothing better than sitting on the couch to binge your favorite TV show. Or, maybe, there is. 
    In the era of streaming, binge-watching is easier than ever. So, it seems potentially incongruous that appointment viewing — watching a television show when it first airs — is so capable of seizing the collective attention of viewers. 

    But fandom is a powerful force, and appointment viewing has tamed the beast into something fearsome. Rather than encouraging viewers to settle in with episode after episode queued up, shows like “Survivor,” “The Pitt” and summer’s guilty pleasure “Love Island” make their fans wait for it. 

    It’s not a new concept; “Survivor” has been rocking weekly episode drops since its first foray in 2000 on the Bornean beaches. But it has reached a new fervor with watch parties popping up across the country and “Love Island’”s reality flair convincing millions to watch almost daily as hot singles couple up. 

    There’s obvious incentive to watch when an episode airs if everyone is talking about it; you can hardly open your phone during “Love Island” season without seeing a spoiler. And the reality dating show takes it a step further: Fans can vote live on who must leave the villa and who lives to flirt another day.  

    “Survivor” has dabbled in the fan vote mechanism, too. An extra prize in “Survivor: All-Stars,” casting selection for “Survivor: Cambodia — Second Chance” and gameplay elements in “Survivor 50: In the Hands of the Fans” were all left, well, in the hands of the fans. 

    Even a non-reality show like “The Pitt” has capitalized on the power behind scheduled releases. The first two episodes of Season 1 dropped concurrently on Jan. 9, 2025, but every subsequent episode has been released on a weekly schedule. 

    As with any show that received such critical esteem as the Pittsburgh-based medical drama, whose first season won five of its 13 Emmy nominations, Season 2 was accused online of a sophomore slump. Those critical social media fans were accused right back of not watching as intended (i.e., bandwagon binge-ing Season 1 and being upset about starting Season 2 before that was possible). 

    “Survivor” showrunner and Emmy-nominated host Jeff Probst describes the difference between binge-watching and appointment viewing as the difference between a flight and a road trip. Both get you to the destination, but with one, the time spent is part of the experience. 

    Viewers had a week to reckon with the knowledge that there was an active shooter event in the first season of “The Pitt” before the fallout reached the Pittsburgh Trauma Medical Center in the next episode. Skipping a night of “Love Island” this summer might have meant a fan’s favorite couple exiting the villa — and certainly meant not understanding the social media memes and reactions the next day. Sure, you can binge old seasons of “Survivor,” but you lose the emotional experience of living with Probst snuffing the torch of a beloved player. 

    The time between episodes is where fandom finds its home: reacting, interacting and generally causing a stir around a show in a way that binge-watches can’t always pull off. “The Pitt” has been lauded as a return to classic television, the kind of “water cooler” show that inspires next-day conversations with coworkers. 

    “That waiting period creates a different kind of emotional investment because the audience begins supplying part of the experience,” Probst says. Binge-watching builds momentum, but appointment viewing makes fans sit with the emotion. 

    Physical water coolers may be no more, but modern appointment viewing shows are fighting the impatience of binge watchers, and they’re winning. 

  • Bitwise Creates 3 Tokenized Stock Portfolios With Coinbase and Glider

    Bitwise Creates 3 Tokenized Stock Portfolios With Coinbase and Glider

    Bitwise Brings Automated Stock Portfolios Into Crypto Wallets

    Bitwise is taking a different route into tokenized equities, launching model portfolios that live directly inside investors’ crypto wallets rather than inside a traditional fund.

    The new Automated Token Portfolios (ATPs) are designed by Bitwise, with Coinbase providing the underlying tokenized stocks and and executed through Glider. Investors retain custody of the assets throughout the process.

    “When an investor signs up, they’re going to replicate a strategy designed by an institutional investment firm like Bitwise,” Chief Investment Officer Matt Hougan said in a video announcing the product. “They hold tokenized stocks in their own personal wallet, and then it automatically follows the strategy that they’ve selected.”

    The products are available only to non-U.S. persons in eligible jurisdictions outside the United States.

    Bitwise Starts With AI, Robotics and Mega-Cap Themes

    Bitwise said it is launching three initial portfolios. The Mag7X ATP provides equal-weighted exposure to Apple, Microsoft, Nvidia, Alphabet, Amazon, Meta and Tesla, plus SpaceX.

    The Robotics ATP focuses on companies developing humanoid robots, autonomous vehicles and warehouse automation, including Tesla, Nvidia and Amazon.

    The AI Leaders ATP includes Nvidia, Microsoft, Alphabet, Meta, Amazon, SpaceX, Tesla and Sandisk.

    The structure gives Bitwise more flexibility than a conventional ETF, which can take months to launch and may be constrained by diversification or fund-design requirements.

    “For one, you can be more precise. Traditional funds and ETFs often have requirements to hold 10, 20, 30, 40 stocks. What if you want to design a strategy that only has three or four names in it?” Hougan said, adding that the tokenized format can be faster and more responsive to changing markets.

    Tokenized Stocks Blur the Line Between Funds and Wallets

    The bigger distinction is custody.

    Unlike an ETF, where investors own shares in a pooled vehicle, ATP users hold the individual tokenized stocks directly. Glider adjusts the portfolio without taking control of the assets.

    Hougan said that creates additional possibilities because the securities are designed to trade around the clock, with potential for lending and margin use, where available.

    Bitwise framed the launch as a reversal of its earlier strategy. Its ETFs helped bring crypto assets into traditional finance. ATPs instead bring institutional portfolio construction into crypto-native wallets.

    If the model gains traction, tokenization may begin changing not just how securities trade, but how investment products themselves are assembled and distributed.

  • Beyoncé Pays Tribute to Dolly Parton: ‘You Were the Barometer’

    Beyoncé Pays Tribute to Dolly Parton: ‘You Were the Barometer’

    Beyoncé has paid tribute to country icon Dolly Parton, who died on August 25, calling her “the barometer” and thanking her for the impact she had on the world.

    In a statement posted to her website, Beyoncé wrote, “Dolly, you were the barometer. The north star. Bold and brilliant. Talented and tenacious. You taught so many lessons on how to be uniquely oneself. I am grateful for your art, your heart, your generosity, your humor, your entrepreneurship. I’m honored that I had the privilege to work with you. I will treasure that forever. Thank you for your profound impact on the world. You are an angel who has made this world a happier place because of your joyful art. You are truly one of one. Rest peacefully.”

    Beyoncé had worked with Parton and recorded a reworked cover of “Jolene” for her 2024 album “Cowboy Carter,” altering the original’s lyrics and song structure. Where Parton begged and pleaded a woman not to steal her man on the original “Jolene,” Beyoncé transformed the tune into a warning shot: “I can easily understand why you’re attracted to my man / But you don’t want this smoke, so shoot your shot for someone else,” she sang.

    Parton had hinted weeks before “Cowboy Carter” that Beyoncé had recorded her own version of “Jolene,” and following the album’s release, Parton took to social media to give the cover a stamp of approval. “Wow, I just heard Jolene,” she wrote on social media. “Beyoncé is giving that girl some trouble and she deserves it!”

    Parton’s participation in “Cowboy Carter” didn’t end there, as she appeared on the album with two cameos. She introduced the song “Tyrant” and had her own “Dolly P” interlude just before “Jolene.” “Hey miss Honey B, it’s Dolly P. You know that hussy with the good hair you sing about?” she said on “Dolly P,” referencing Beyoncé’s 2016 song “Sorry” and the line “Becky with the good hair.” “Reminding me of someone I knew back when, except she has flaming locks of auburn hair, bless her heart. Just a hair of a different color but it hurts just the same.”

    She had previously supported Beyoncé recording a country album on social media, shortly after the pop star became the first Black woman to top Billboard’s Hot Country Songs chart when “Texas Hold ‘Em” debuted at No. 1. “I’m a big fan of Beyoncé and very excited that she’s done a country album,” she wrote. “So congratulations on your Billboard Hot Country number one single. Can’t wait to hear the full album!”

  • Lighter rejects $3.79 – Can THIS absorb Cumberland’s $6.94M LIT transfer?

    Lighter rejects $3.79 – Can THIS absorb Cumberland’s $6.94M LIT transfer?

    Lighter faced rejection at $3.79 and dropped to $3.2. This marked a major pullback after five consecutive daily closes at higher highs.

    As of this writing, Lighter traded at $3.4 after sliding 4.5% on the daily chart. Its Trading Volume also dropped 24% to $122 million, suggesting reduced market activity.

    Did Cumberland’s $LIT transfer increase selling pressure?

    It seemed that Lighter [$LIT] retraced amid potential selling pressure from major market participants.

    Onchain Lens reported that Cumberland had recently sold $LIT on behalf of its clients.

    Cumberland deposited 2 million $LIT worth $6.94 million to OKX and Bybit through four 500,000-token transfers. Large transfers from liquidity providers such as Cumberland can attract market attention. They may also increase potential selling pressure.

    Such transactions could contribute to short-term price declines if the deposited tokens enter the market.

    Is $LIT demand absorbing the selling pressure?

    Interestingly, although Cumberland is selling, other market players are buying. And it seems the pullback has created another buying opportunity.

    Furthermore, exchange activity also echoes this spot buying activity. According to Coinglass data, Lighter saw $23 million in Spot Outflow compared to $21.93 million in inflows.

    Source: CoinGlass

    As a result, Spot Netflow fell 755% to negative $1.07 million. A negative Spot Netflow indicated that more $LIT left exchanges than entered them. That flow could signal accumulation if traders moved the tokens into private wallets.

    Buying during a dip can absorb selling pressure and strengthen demand. That could create room for a potential recovery.

    Onchain activity on the rise too

    Lighter’s on-chain activity also increased significantly.

    According to DeFiLlama, Lighter’s Active Addresses climbed to a monthly high of 17,600. New Addresses rose to 743. The rising Address count suggested increased network usage and adoption.

    Source: DeFiLlama

    The rising user base also brought about increased capital inflow into the network. Over the past 24 hours, the altcoin saw $20 million in USD Inflows, a clear sign of strong network activity.

    What’s next?

    Although we have seen Cumberland sell $LIT, the market demand remains steady. As a result, the altcoin’s bullish structure remains intact.

    Lighter’s Stochastic Momentum Index (SMI) remained in the bullish zone near 64.

    The SMI was falling while its signal line was rising. However, the indicators had yet to form a bearish crossover. That suggested buyers still maintained control of the market.

    Source: TradingView

    The ADX DI with SMA indicator further confirms the above view. Therefore, if demand holds, the altcoin’s recent pullback will be short lived, thus the altcoin will flip $3.7 and target $4.

    However, if the selling activity from major players such as Cumberland continues, $LIT will retest $3.1 support level.

    Final Summary

    • Cumberland deposited 2 million $LIT worth $6.94 million to OKX and Bybit.
    • $LIT’s bullish structure remained supported by Spot demand and rising on-chain activity.